Brazil's Batista Buys Ventana for $1.5 Billion

By

Rogerio Jelmayer

March 16, 2011 11:25 a.m. ET

SAO PAULO—Brazilian billionaire businessman Eike Batista has acquired control of Canadian gold-mining company Ventana Gold Corp. in a deal valued at $1.5 billion, Batista's holding company said Wednesday.

Batista holding company Grupo EBX took control of Ventana through its international arm, AUX Canada Acquisition Inc. and paid C$13.06...